Latin America Sodium Reduction Ingredients Market

Latin America Sodium Reduction Ingredients Market Growth and Forecast (2022 - 2027):

Latin America Sodium Reduction Ingredients Market has been estimated at USD 90 Million in 2021 and is projected to reach USD 160 Million by 2026, at a CAGR of 12.70% during the forecast period from 2021 to 2026.

Market Overview:

Sodium reduction is a process of reducing level of salt in edible products. Sodium reducing ingredients form an integral part of food additives industry as they are mostly responsible for either completely replacing sodium or reducing the salt content in the food products. They are also gaining prominence in functional foods and nutraceuticals products.

Drivers and Restraints:

The market for Sodium Reduction Ingredients in Latin America is mainly driven due to increasing awareness regarding health effects of excessive sodium consumption and government bodies promoting various awareness programs and setting guidelines for food manufacturers regarding sodium level in their products. But, the market growth can be hampered due to limited people sticking to minimal sodium usage.

Latin America Sodium Reduction Ingredients Market Segmentation Analysis:

Latin America market for Sodium Reduction Ingredients is segmented based on type and application By type, the market is further sub-segmented into Amino Acids, Mineral Salts, Yeast Extracts, others (hydrolyzed vegetable protein, trehalose, nucleotides). By application, the market is further sub-segmented into Dairy, Bakery & Confectionary, Meat Products, Sauces, Seasonings & Snacks, others.  The mineral salts segment accounts for the largest market share followed by the yeast extracts segment. Mineral salts and yeast extracts have been gaining significant growth for serving as an important component in food products due to the health benefits derived from them, without compromising on the flavor and taste. The demand for sodium reduction ingredients in the sauces, seasonings & snacks segment accounts for the largest share, while the bakery & confectionery segment is projected to be the fastest-growing.

Region Analysis:

Geographically the Latin America Sodium Reduction Ingredients Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Latin America is expected to witness highest growth owing to factors like economic developments and penetration of major companies into the untapped markets of this region as they witness great potential for profits.

Key Players in the Market:

Major Key Players in the Latin America Sodium Reduction Ingredients Market are

• Cargill, Incorporated
• Kerry Group Plc
• Royal DSM N.V
• Angel Yeast Co. Ltd
• E.I. du Pont de Nemours & Co
• Cambrian Solutions Inc
• Associated British Foods plc
• Givaudan SA, and Company
• Innophos Holdings, Inc
• Jungbunzlauer Suisse A.G
• Sensient Technologies Corporation
• Tate & Lyle PLC